$PAXG
📊 Gold rises by more than 1% today… but the monthly chart is still negative.
🥇 Gold gained more than 1% during today’s trading, in an attempt to recover from recent pressures, but it is still on track to record a monthly loss of about 6% in September.
📈 This comes amid rising US Treasury yields and a stronger dollar, along with growing expectations that interest rates will remain high for longer.
⚡ All eyes are now on US inflation data, which may determine the next direction for gold and the dollar.
📊 Gold rises by more than 1% today… but the monthly chart is still negative.
🥇 Gold gained more than 1% during today’s trading, in an attempt to recover from recent pressures, but it is still on track to record a monthly loss of about 6% in September.
📈 This comes amid rising US Treasury yields and a stronger dollar, along with growing expectations that interest rates will remain high for longer.
⚡ All eyes are now on US inflation data, which may determine the next direction for gold and the dollar.